OMVIC Chapter 4
On a purchase contract, what must be printed in 14 pt. bold font next to
the buyer's signature? - ANS-Sales final
List four items that must be in a contract for the sale of a new vehicle. -
ANS--Salesperson's name and registration number
-Date of sale and date of delivery,
-Vehicle identification number (VIN), if known, Make, model, model year and trim level
of vehicle
If a dealer does not have a specific new vehicle in stock, but will locate the vehicle and
bring it in, what must be disclosed to the purchaser regarding the mileage? - ANS-If the
contract does not specifically identify a new vehicle (e.g., a vehicle which must be
located, VIN unknown), the maximum distance that will be shown on the odometer at
the time of delivery or a statement initialled by the buyer that there is no maximum
List four items (different from those provided in your answer to question 2) that must be
included in contracts for the sale of a used vehicle. - ANS--Buyer's name and address,
-Dealer's registered name (and legal name if different from registered name), address
and registration number, -Salesperson's name and registration number
-Date of sale and date of delivery, VIN, Make, model, model year and trim level of
vehicle.
If a Safety Standards Certificate is issued for a vehicle, it means: - ANS-The vehicle met
certain basic standards of safety on the date of inspection
True or False:
A dealer selling a vehicle "as is" may also provide a Safety
Standards Certificate for the vehicle. - ANS-FALSE
What is an "as is" sale? - ANS-The vehicle is not represented as being in road worthy
condition, mechanically sound or maintained at any guaranteed level of quality. May not
be possible to register it in the current condition. MUST be clearly stated on contract
If customers give dealers a deposit but don't sign a contract, what rights do they have? -
ANS-If there is no signed contract and a deposit or
trade-in is given to the dealer, the purchaser can
cancel the contract at any time and demand his
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